Connect with us

Niger Delta

Delta Denies Seeking Fresh N100bn Loan

Published

on

Delta State Government has cleared the air on myriad of claims that it was seeking new loans from banks ahead of the 2023 general elections.
It alleged that the misinformation is being peddled by the opposition, All Progressives Congress (APC), in the state, saying the state was not seeking fresh N100 billion loan as being alleged.
Commissioner for Finance, Chief Fidelis Tilije, stated this at a joint press conference with his Information counterpart, Charles Aniagwu and the Chief Press Secretary to the Governor, Olisa Ifeajika in Asaba.
He recalled that the State Government had earlier received an approval from the House of Assembly to obtain N150 billion bridging finance from the N240 billion accrued refunds to the state on the 13 per cent Derivation Policy.
He said the needed facility was later reduced to N100 billion by the state government after deliberation with finance houses involved in the arrangement.
According to him, after the discussion a new lead-finance-house emerged as against the one that was the leader at the time the House of Assembly gave the approval for the government to obtain the bridging finance facility.
He, therefore, explained that with the emergence of a new leading finance agent on the facility, and because of Governor Ifeanyi Okowa’s strict adherence to due process and law, “we went to the House of Assembly for a fresh resolution on their existing approval in line with prudential guidelines”.
He said: “I am drawn into this because we are beginning to see some misconceptions, particularly with regards to the N100 billion discounting facility that the state haas taken.
“I recall very vividly too that we have had news conferences where we said that the totality of the amount that we are trying to discount is still the same.
“We intended to take N150 billion as discounting facility from the market. But, when we reviewed the cash inflows, we reduced it to N100 billion.
“It is that same N100 billion that we have to go again to the House of Assembly last week because we found out that the lead agent of the said facility was not moving as fast as we want.
“So, all we did last week was to go back to the House of Assembly to seek their consent to enable us change the lead bank for that discounting facility.
“It is not a new loan, discounting facility nor a new bridging finance. It is still the same N100 billion we have been talking about.
“I know that in certain other states, the need to go to the House of Assembly may not even arise. This is because the responsibility of determining who is a lead agent in such a facility, lies squarely on the Executive.
“But, Sen. (Dr) Ifeanyi Okowa, in his usual manner, felt that whatever alteration we are going to be making, we must still go back to the House of Assembly for consent.
“You will also recall too that while we were here before to brief you on this matter, we itemised all the projects we will be doing with the facility, and we are on course with these projects.
“For those who do not have the details of the projects tied to this discounting facility, they can go to the House of Assembly. It is a public document.”
On the other N20 billion facility, Tilije said it was a loan for an investment by the State Government in a floating gas company to be situated in Warri.
He said the State Government gave the company the condition of siting the company in Warri before it could invest in the project.
The Finance Commissioner further said that when completed, the project would provide jobs for citizens and increase the state’s internally-generated revenue.
On his part, Aniagwu said a number of the projects listed in the request for the bridging facility were being delivered, adding that some were inaugurated last week by the Peoples Democratic Party (PDP)’s Presidential Candidate, Alhaji Atiku Abubakar.
He said the state government would continue to be transparent and accountable to the people of the state as promised by Governor Ifeanyi Okowa and Vice-Presidential Candidate of the PDP.

By: Albert Ograka,
Asaba

Continue Reading

Niger Delta

Okpanam-Ibusa Isheagu-Ewulu Roads Ready For Inauguration-Aniagwu 

Published

on

As part of the preparations to mark the one-year anniversary of Governor Sheriff Oborevwori’s administration in Delta State, the Commissioner for Works, Rural and Riverine Roads, Mr. Charles Aniagwu, embarked on inspection of the Okpanam/Ibusa and Isheagu/Ewulu Roads scheduled for inauguration.
The roads, which spanned 5.3 kilometers and 9.1 kilometers respectively, and approximately 90% completed, connects major towns and would boost the socio-economic lives of the people in the area.
Speaking to journalists after inspecting the roads on Tuesday, Aniagwu reiterated the governor’s commitment to delivering quality projects to Deltans in line with his MORE Agenda.
He said “Governor Oborevwori has outlined numerous projects and programmes to mark his one year in office.
“Apart from roads, there are other projects and programmes, including empowerment initiatives anchored by several ministries.
“The Governor has instructed us to ensure that all roads are top-notch before he proceeds to commission them. Even if contractors claim that roads have been completed, he wants us to verify if they have been built to specifications.
“We hope that in the next few days, they will complete the project and exit the site to enable us carry out the final inspection”.

According to him, “That’s the same approach the Governor wants us to take with every project. He doesn’t just want to commission projects; he wants to ensure that any road being commissioned has been done according to specifications and provides value to the people of Delta by ensuring that the money paid equals the work done”.

Albert Ograka, Asaba

Continue Reading

Niger Delta

Police Arrest Foreigner, Two Others Over Alleged Kidnapping In Delta

Published

on

The Police Command in Delta State has arrested three kidnap suspects including a foreigner over kidnapping incidents in the State.
The command‘s spokesman, SP Bright Edafe told newsmen yesterday in Warri that the suspects were arrested on Saturday and Sunday at their hideouts in Warri.
Edafe said that the suspects were arrested by the combined team of police operatives attached to the Orerokpe division, and operatives from the Force Intelligence Unit, Abuja.
He said that the Divisional Police Officer (DPO), Orerokpe division, CSP Paul Oboware, upon receipt of the information, immediately mobilised and led his patrol team to the criminals’ hideouts in Warri.
“Intelligence gathered on some kidnapping incidents in the Warri axis revealed that it is being carried out by Yakubu Ya’u at Oha and Ughwagba Communities in Okpe Local Government Area.
“The suspect and his gang kidnap unsuspecting residents for ransom.
“On May 11, following combined effort from police operatives of the command and operatives from the Force Intelligence Unit, Abuja on the hideout of the suspect.
“The DPO, Orerokpe division immediately mobilised and led his patrol teams to the suspect’s hideout in Warri, and after a painstaking search, he was arrested,” he said.
Edafe said that preliminary investigation and interrogation of the suspect led to the arrest of two other key members of the gang which included a Cameroon national on Sunday.
He alleged that the suspects were responsible for the several kidnap incidents in Orerokpe, Sapele, Warri, and environs, adding that the victims had equally identified them.
Edafe said that the suspects led the police detectives to Ughwagba Community in Okpe Local Government Area, where two Automatic pump action guns, a live Cartridge,  one knife were recovered.
He said that preliminary investigations were ongoing, adding that the command has intensified efforts to arrest the other fleeing members of the gang.

Continue Reading

Niger Delta

Forum Unveils Vision, Commends Diri On Project Execution 

Published

on

A group, the Bayelsa State Founding Fathers Forum (BSFFF) has vowed to continually pursue the vision behind the struggle for the creation of the State.
Chairman of the forum, Sir Itelemo Frank Omiebi, stated this yesterday during an interview with The Tide in Yenagoa, the State Capital.
He said though the BSFFF has reservations about recent calls on its leadership to speak up against perceived marginalisation of the State by the Federal Government and associated MDAs, he noted that there is the general notion that the forum was made up of responsible, patriotic and capable statesmen in their own right.
The Tide learnt that the BSFFF is a group of statesmen of the Ijaw extraction, mostly of Bayelsa origin, who played prominent roles in the struggle for the creation of the State out of the Old Rivers State in 1996 under the late Genenera Sani Abacha military junta.
Omiebi disclosed that though as statesmen, the forum for sometime decided to keep mum on certain issues to avoid unnecessary heating of the polity, the rationale behind the convocation of the forum, he said, stemmed from the need to create a homogeneous Ijaw state out of the Old Rivers State which the forum has achieved far back in 1996.
He, however, stated that while issues bordering on marginalisation of the State were worrisome, the forum had continued to play an advisory role to successive administrations of the State.
“The vision of the BSFFF is tripartite: we’re to work towards the creation of an egalitarian State capable of raising committed, responsible and patriotic leaders.
“The forum is also to effect overall infrastructural and sectoral development of the State, and to promote human capital development with particular reference to education, so as to reverse our disadvantaged State in the comity of States in Nigeria”, the forum said.
The chairman also noted that there were consummate professionals from all walks of life willing to render needed support and services to the State in the group whenever they are consulted on matters affecting the development and well being of the State.
The forum’s leadership, which also bared its mind on the present administration of the State, described the State Governor, Senator Douye Diri, as a bonafide member of the forum, saying the workings of his administration were in tandem with the vision of the forum.
“But we like to commend Governor Diri who himself is a member of the forum. The Governor has been  working according to the vision of the BSFFF in the provision of infrastructure and, in other areas of governance.
“We want to especially thank him for the peace we’ve in the State. And we also want to commend him for the security of lives and properties of citizens across the State”.

“On infrastructure, we want to thank Governor Diri for continuing the Senatorial roads projects in the state. These and many more were part of the vision of the forum”, the BSFFF leadership added.

Ariwera Ibibo-Howells, Yenagoa

Continue Reading

Trending